Saudi Arabia's stock market climbed in early trade on Thursday in the wake of oil prices' rise to their highest level in over three years and a half.
On Thursday, Saudi Arabia's index rose 1.6 percent, for a sixth straight day of gains, closing at 8,277 points in a 131-point rise.
This came at a time when the financial sector development program, announced by Saudi Arabia as part of Saudi Vision 2030, is considered a major step in developing the local financial sector and putting it among the top 10 biggest financial markets in the world.
The program works on increasing the volume of Saudi capital markets and improving them at the regional level so that they become among the best in the Middle East and reach the top 10 global markets.
